UK Tech Overtakes China as World’s Second Largest Country for Startup Funding Raised

“China may be the world’s second-largest economy,” writes Fortune’s news editor, “but when it comes to startup funding, the U.K. is punching above its weight.”

Startups in the U.K. raised $6.7 billion in funding during the first half of 2024, helping dethrone China and propelling the U.K. to second place globally for funds raised, according to a new report. Crucial to the U.K.’s success were a dozen funding rounds worth over $100 million each, including those of digital bank Monzo ($620 million), lender Abound ($862 million), and automated driving startup Wayve ($1.05 billion).

While the overall U.K. figure was down 2% year on year, according to data from global market intelligence platform Tracxn, it remained more robust than that of China, whose funding sat at $6.1 billion in H1 2024, helping the U.K. move into the No. 2 spot globally. The win is a milestone for the U.K. tech sector, which has remained under pressure owing to a string of challenges, including Brexit, COVID-19, and the subsequent global economic slowdown.

Only the U.S. saw startups raise more capital in H1, with a combined $54.8 billion raised across some 2,654 funding rounds in the first half of the year.

The article’s last line? “With the arrival of new U.K. Prime Minister Keir Starmer, many will be hoping that the first Labour government in 14 years will continue to support the U.K.’s position as a critical player in the global tech landscape.”

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Is AirBNB Really Worsening the Housing Crisis?

An anonymous reader shared this report from the BBC:

On 21 June, Barcelona mayor Jaume Collboni announced plans to ban short term rentals in the city starting in November 2028. The decision is designed to solve what Collboni described as “Barcelona’s biggest problem” — the housing crisis that has seen residents and workers priced out of the market — by returning the 10,000 apartments currently listed as short-term rentals on Airbnb and other platforms into the housing market… It’s all part of a wider theme: around the world. Airbnb — which dominates the short-term rental market with more than 50% of all online bookings — and others, including VRBO, Booking.com and Expedia.com, are being scrutinised at the same time as questions are being asked about who tourism is for, and where the balance lies between benefits for tourists and locals alike…

Recent years have seen a backlash against the brand, which is blamed for pushing up housing prices and affecting locals who feel they have been forced to live next door to unregulated hotels… The question is: does banning or restricting short-term rentals actually reduce housing prices or affect housing stock? Harvard Business Review’s study on the impact of the New York City ban, published earlier this year, concluded that in this case, short term rentals are not the biggest contributor to high rents, and that regulations, rather than bans, would offer better benefits to the city and locals alike. One clear result from the city’s ban has been that hotel room rates have hiked to a record average of $300 per night.

So why are tourism authorities and city councils doing it? Perhaps the real reason is that it’s not just about the numbers, it’s about how local people feel about tourism… Successful on paper or not, these bans send a signal to local people that politicians are listening to their concerns and will prioritise them over tourists. There is an alternative to outright bans, though. Many destinations, including Berlin, restrict owner-occupiers to a 90-day maximum rental period over a year, effectively allowing part-time hosts to continue to make a supplementary income while preventing professional hosts from buying up housing stock and turning it into full-time short-term rentals. The issue for all countries moving in this direction, including the UK, which proposes something similar, is about regulation. How do you do it and how much extra does it cost to do so?

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Developer Successfully Boots Up Linux on Google Drive

Its FOSS writes:
When it comes to Linux, we get to see some really cool, and sometimes quirky projects (read Hannah Montana Linux) that try to show off what’s possible, and that’s not a bad thing. One such quirky undertaking has recently surfaced, which sees a sophomore trying to one-up their friend, who had booted Linux off NFS. With their work, they have been able to run Arch Linux on Google Drive.

Their ultimate idea included FUSE (which allows running file-system code in userspace). The developer’s blog post explains that when Linux boots, “the kernel unpacks a temporary filesystem into RAM which has the tools to mount the real filesystem… it’s very helpful! We can mount a FUSE filesystem in that step and boot normally…. ”

Thankfully, Dracut makes it easy enough to build a custom initramfs… I decide to build this on top of Arch Linux because it’s relatively lightweight and I’m familiar with how it work.”
Doing testing in an Amazon S3 container, they built an EFI image — then spent days trying to enable networking… And the adventure continues. (“Would it be possible to manually switch the root without a specialized system call? What if I just chroot?”) After they’d made a few more tweaks, “I sit there, in front of my computer, staring. It can’t have been that easy, can it? Surely, this is a profane act, and the spirit of Dennis Ritchie ought’t’ve stopped me, right? Nobody stopped me, so I kept going…”

I build the unified EFI file, throw it on a USB drive under /BOOT/EFI, and stick it in my old server… This is my magnum opus. My Great Work. This is the mark I will leave on this planet long after I am gone: The Cloud Native Computer.
Despite how silly this project is, there are a few less-silly uses I can think of, like booting Linux off of SSH, or perhaps booting Linux off of a Git repository and tracking every change in Git using gitfs. The possibilities are endless, despite the middling usefulness.

If there is anything I know about technology, it’s that moving everything to The Cloud is the current trend. As such, I am prepared to commercialize this for any company wishing to leave their unreliable hardware storage behind and move entirely to The Cloud. Please request a quote if you are interested in True Cloud Native Computing.

Unfortunately, I don’t know what to do next with this. Maybe I should install Nix?

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Amid Whistleblower Complaints, Boeing Buys Spirit, Ending Outsourcing of Key Work on Planes

Monday Boeing announced plans to acquire its key supplier, Spirit AeroSystems, for $4.7 billion, according to the Associated Press — “a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes.”

But meanwhile, an anonymous reader shared this report from Newsweek:

More than a hundred Boeing whistleblowers have contacted the U.S. aviation watchdog since the start of the year, Newsweek can reveal. Official figures show that the Federal Aviation Administration’s (FAA) whistleblowing hotline has seen a huge surge of calls from workers concerned about safety problems. Since January the watchdog saw a total of 126 reports, via various channels, from workers concerned about safety problems. In 2023, there were just 11….

After a visit from FAA Administrator Mike Whitaker to a Boeing factory earlier in the year, Boeing CEO Dave Calhoun agreed to share details of the hotline with all Boeing employees. The FAA told Newsweek that the number of Boeing employees coming forward was a “sign of a healthy culture”…. Newsweek also spoke to Jon Holden, president of the 751 District for the International Association of Machinists, Boeing’s largest union which represents more than 32,000 aerospace workers. Holden said that numerous whistleblowers had complained to the FAA over Boeing’s attempt to cut staff and reduce inspections in an effort to “speed up the rate” at which planes went out the door…

Holden’s union is currently in contract negotiations with Boeing, and is attempting to secure a 40% pay rise alongside a 50-year guarantee of work security for its members.

CNN also reports on new allegations Wednesday from a former Boeing quality-control manager: that “for years workers at its 787 Dreamliner factory in Everett, Washington, routinely took parts that were deemed unsuitable to fly out of an internal scrap yard and put them back on factory assembly lines.”
In his first network TV interview, Merle Meyers, a 30-year veteran of Boeing, described to CNN what he says was an elaborate off-the-books practice that Boeing managers at the Everett factory used to meet production deadlines, including taking damaged and improper parts from the company’s scrapyard, storehouses and loading docks… Meyers’ claims that lapses he witnessed were intentional, organized efforts designed to thwart quality control processes in an effort to keep up with demanding production schedules. Beginning in the early 2000s, Meyers says that for more than a decade, he estimates that about 50,000 parts “escaped” quality control and were used to build aircraft. Those parts include everything from small items like screws to more complex assemblies like wing flaps. A single Boeing 787 Dreamliner, for example, has approximately 2.3 million parts…

Based on conversations Meyers says he had with current Boeing workers in the time since he left the company, he believes that while employees no longer remove parts from the scrapyard, the practice of using other unapproved parts in assembly lines continues. “Now they’re back to taking parts of body sections — everything — right when it arrives at the Everett site, bypassing quality, going right to the airplane,” Meyers said.

Company emails going back years show that Meyers repeatedly flagged the issue to Boeing’s corporate investigations team, pointing out what he says were blatant violations of Boeing’s safety rules. But investigators routinely failed to enforce those rules, Meyers says, even ignoring “eye witness observations and the hard work done to ensure the safety of future passengers and crew,” he wrote in an internal 2022 email provided to CNN.

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Watch Volunteers Emerge After Living One Year in a Mars Simulation

They lived 378 days in a “mock Mars habitat” in Houston, reports Engadget. But today the four volunteers for NASA’s yearlong simulation will finally emerge from their 1,700-square-foot habitat at the Johnson Space Center that was 3D-printed from materials that could be created with Martian soil.

And you can watch the “welcome home” ceremony’s livestream starting at 5 p.m. EST on NASA TV (also embedded in Engadget’s story). More det ails from NASA:

For more than a year, the crew simulated Mars mission operations, including “Marswalks,” grew and harvested several vegetables to supplement their shelf-stable food, maintained their equipment and habitat, and operated under additional stressors a Mars crew will experience, including communication delays with Earth, resource limitations, and isolation.

One of the mission’s crew members told the Houston Chronicle they were “very excited to go back to ‘Earth,’ but of course there is a bittersweet aspect to it just like any time you reach the completion of something that has dominated one’s life for several years.”

Various crew members left behind their children or long-term partner for this once-in-a-lifetime experience, according to an earlier article, which also notes that NASA is paying the participants $10 per hour “for all waking hours, up to 16 hours per day. That’s as much as $60,480 for the 378-day mission.”

Engadget points out there are already plans for two more one-year “missions” — with the second one expected to begin next spring…

I’m curious. Would any Slashdot readers be willing to spend a year in a mock Mars habitat?

Read more of this story at Slashdot.